Common use of Status Each of the Security Parties Clause in Contracts

Status Each of the Security Parties. (a) is a limited liability corporation, duly incorporated and validly existing under the law of its Original Jurisdiction; and

Status Each of the Security Parties. (a) is a limited liability corporation, duly incorporated and validly existing under the law of its Original Jurisdiction; andand (b) has the power to own its assets and carry on its business as it is being conducted. 19.1.2